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Naira Redesign: Why Nigerians are rejecting new notes

Six days after the new naira notes went into circulation, some traders are still finding it hard to accept it as legal tender, the News Agency of Nigeria (NAN) reports.

The newly-redesigned N1,000, N500 and N200 bills became legal tender on Dec. 15, 2022.

The Central Bank of Nigeria Governor, Godwin Emefiele, on Oct. 26 announced plans to redesign the denominated notes, saying the old notes would cease to be legal tender by Jan. 31, 2022.

He said the reason for the currency redesign was to stop counterfeiting and hoarding.

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Alhaja Sofiat Balogun, a food vendor at Cele-Egbe bus stop, Egbe, said that she would not accept the new notes just yet.

“People say that the money is not fine and they that it is not everywhere yet, I will not accept it until I see that it is fully in circulation.

“I do not want to start accepting it and when it’s time for me to spend it, it will be difficult for me.

“And secondly, I have seen on social media a video of a fake new note of N1000, this makes me even more afraid to accept it,” she said.

Mrs Eme Jackson, a fruit seller in Ili-ewe market, Egbe, said the reason she had refused the money is because the notes are too light.

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“I prefer the old notes because it is very durable, no matter how you handle it, it will still remain strong unlike the new one.

“The moment I saw it, I told my children not to accept it, even in my absence,” she said.

Mr Ozuome Benedict, a phone technician, urged the apex bank to do a proper awareness on why they should accept the new notes.

“I do not have a problem accepting the new notes, the CBN should sensitise the people because so many are not aware that there’s a new note, that is why it is not accepted,” he said.

Meanwhile, NAN’s visit to some ATM machines around Ikotun, Ejigbo and Oshodi, showed that old notes were still being dispensed to customers.

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A visit to one of the bank, a Teller told a customer who wanted to withdraw N100,000, that she could only be paid N20,000 in new notes and N80,000 in old notes.

But, when the customer asked why she wouldn’t completely pay her with the new notes, she (teller) told her that she was acting on instruction.

“I’m sorry to tell you that you can only have N20.000 of the new notes. This is an instruction given to us by the CBN,” the Teller said.

However, NAN’s visit to Zenith Bank ATM on Eric Moore, observed that the machine was dispensing the new notes of N500 and N200.

Some customers who saw the new notes for the first time, expressed mixed feelings as they passed the N500 bill from one hand to another in admiration. (NAN)

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Lagos Assembly condemns suspended Clerk’s actions amid leadership crisis between Meranda, Obasa

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Lagos Assembly condemns suspended Clerk’s actions amid leadership crisis between Meranda, Obasa

The Lagos State House of Assembly has condemned the unauthorised entry of suspended Clerk, Mr Olalekan Onafeko, into the Assembly premises following his suspension announcement on Jan. 13

The Assembly’s Chief Security Officer, Mr Kabir Kushoro, confirmed the incident in a statement issued in Lagos on Wednesday.

The News Agency of Nigeria (NAN) reports that Onafeko was suspended on the House floor by a two-thirds majority of members over alleged financial misappropriation.

NAN further reports that the National Industrial Court sitting in Lagos on Thursday sacked the acting Clerk, Babatunde Ottun, who was appointed by Speaker Mojisola Meranda.

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The court subsequently ordered the reinstatement of Onafeko as the Clerk of the House.

The claimant in suit number NICN/LA/23/2025 sought an interim injunction restraining six defendants from appointing anyone, including Babatunde, as Clerk.

This order remains in effect pending the hearing of the motion on notice for an interlocutory injunction already filed in the case.

Granting the application, Justice M. N. Esowe issued an ex parte order preventing Babatunde from parading himself as Clerk.

“The parties shall maintain peace and status quo ante bellum until the motion on notice is heard and determined,” Esowe ordered in a ruling.

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In his statement, Kushoro said Onafeko arrived with unknown men and blocked the Assembly staff gate with his car at approximately 9:00 a.m. on Wednesday.

He further alleged that Onafeko later attempted to break into the Clerk’s office.

“This act of defiance constitutes a clear disregard for legislative protocols and security regulations.

“The House leadership views this action as an affront to the institution’s integrity and will take all necessary steps to uphold discipline and order.

“Onafeko has a pending suit against the Assembly, the Acting Clerk, and the State Government. He should focus on the legal process instead of disrupting Assembly activities,” Kushoro said.

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Kushoro confirmed that relevant authorities had been informed, and necessary measures were being taken to prevent further security breaches. (NAN)

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Two Policemen shot dead in gun duel with suspected kidnappers

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Two Policemen shot dead in gun duel with suspected kidnappers

Gunmen suspected to be kidnappers have killed two police officers during a foiled kidnapping operation around Little Rayfield community in Jos South Local Government Area of Plateau State.

The spokesperson of the state police command, DSP Alabo Alfred, confirmed the incident to newsmen in Jos, stating that four suspects had been arrested in connection with the attempted abduction.
Residents of Little Rayfield told our correspondent that at about 9 pm on Tuesday, gunshots were heard in the area.

They added that the kidnappers had attempted to kidnap some individuals, but the act was foiled by the men of the state police command.

According to DSP Alfred, the slain police officers were on special duty in the state from Abuja.

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Alfred said, “The Plateau State Police Command wishes to inform the general public of the arrest of four (4) suspected kidnappers in the recent foiled kidnapping incident that took place along Little Rayfield Road, Jos.

“However, two (2) of our officers namely; Fatoyo Femi and Inspr Dafur Dashit attached to Force Investigation Department, Abuja (IRT) who are on special duty in Jos lost their lives during the exchange of gunfire with the suspected kidnappers.

“Meanwhile, the case is under investigation. Further development will be communicated in due course. The Commissioner of Police, Plateau State Command, CP Emmanuel Olugbemiga Adesina, psc appeals for calm in the State as the situation is under control.”

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Pandemonium erupts as Youth was shot during encounter with Army personnel

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Pandemonium erupts as Youth was shot during encounter with Army personnel

The Police Command in Akwa Ibom, on Wednesday, confirmed the death of a youth in a crisis that erupted in Ette, Ikot Abasi Local Government Area of the state.

DSP Timfon John, the State Police Public Relations Officer (PPRO), made the confirmation in an interview with the News Agency of Nigeria (NAN) in Ikot Abasi.

She said that the crisis started on Tuesday night in Ette when an army man was pursuing a boy in the community and was descended on by a mob.

‘’In an attempt to escape the mob action, the army man fired and shot one of the villagers; both the army and the villager are receiving treatment in a hospital.

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‘’The situation is under control and investigation has commenced to unravel the perpetrators of the crime,’’ John said.

A source, who refused to mention his name, told NAN that the crisis was as a result of the alleged killing of a local boy by an army man attached to an oil company in Ikot Abasi.

He said that there had been a protest by the youths in the area demanding that the military should focus on their duty to the company and not target the innocent citizens.

He said that the Tuesday crisis led to the burning of five trucks, a bus and a Hilux belonging to the company.

The source said that the crisis led to the blocking of East-West Road leading to Port Harcourt, forcing motorists to divert to other routes for safety. (NAN)

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